Ready to go..., page-163

You're right V, though I think management are reasonably confident in future feedstock sources.
Although multiple plants had been speculated by some of us for a while, to hear it from Mr. Walsh in the latest journal report is confirmation of the big picture. Not the sort of thing you let slip if you're not confident in the numbers, especially given the under promise, over deliver we've seen from management thus far.
Surprise after surprise.

The DFS will reveal we'll be running with the construction of a 5-6,000tpa P1 plant also.
In my opinion the finance structure has already been drafted and in advanced stages.
I think what we'll see is good old fashioned bank financing with a solid income producing partner as a guarantor of capital. No money down from either party and no unrealistic discounts to an off take partner out of necessity.
I've run a few financing models to best "fast track" (as described by JW in same article mentioned above) a Phase II L-Max plant off the back of P1, and cash is going to be King here.
P1 year one 3,000t+, year two/three 5-6ktpa.

Blue skies ahead.